secwatch.observer — SEC 8-K summary
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Issuer:     Purple Innovation, Inc. (PRPL)
CIK:        0001643953
Form:       8-K
Filed at:   2026-07-22T15:11:28+00:00
Accession:  0001213900-26-080265
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Nasdaq panel grants Purple Innovation continued listing subject to bid price compliance by July 31, 2026
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- Reverse stock split 1-for-25 effective July 20, 2026; stock opened at $7.12 per share.
- Must demonstrate closing bid price ≥ $1.00 for 10 consecutive trading days by July 31, 2026.
- Panel reserves right to reconsider; failure to comply may lead to delisting.
- Previously received deficiency notice on May 5, 2026 for bid price below $1.00.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1643953/000121390026080265/0001213900-26-080265-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1643953/000121390026080265/ea0298652-8k_purple.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-080265

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer